I just am wondering how reliable and financially solid this clearing firm is. LS clears through several different firms.

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Financially, you only have to be concerned with Apex. That's where your assets and securities will be held. Apex currently is great after the change from Penson. Light Speed you have to be concerned with service and their offering. I can't help with that.

OK, thanks. I did look it up and found that. I used penson years ago and hated them. So apex is not run by penson?

Wouldn't wedbush be preferable though?

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I don't know enough about your business to determine which broker would be better for you. I have no issues with Apex for CPM. They are more liberal than ANY other broker with regard to risk, and currently they are stable.

OK, thanks. I did look it up and found that. I used penson years ago and hated them. So apex is not run by penson?

Wouldn't wedbush be preferable though?

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"You" used Penson years ago and hated them? "You" typically do not have a choice for your clearing firm. Your broker has that relationship. I have been with MB Trading for 12 years and never had one problem with Penson holding my funds.

Penson never had a trading desk so that is not relevant.

The Penson clearing section was spun off and is now known as Apex. Same address in Texas. Same people. Same desks and equipment. Simply no more worries about the old Penson and the racetrack problem.

"You" used Penson years ago and hated them? "You" typically do not have a choice for your clearing firm. Your broker has that relationship. I have been with MB Trading for 12 years and never had one problem with Penson holding my funds.

Penson never had a trading desk so that is not relevant.

The Penson clearing section was spun off and is now known as Apex. Same address in Texas. Same people. Same desks and equipment. Simply no more worries about the old Penson and the racetrack problem.

Chill out. All is well.

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That's what I was afraid of. Same firm, different name.

If you cleared through a better firm, you would know the difference. It's not a matter of holding your funds. Anyone, short of MF Global, can do that. After all, they're insured. LOL.